The Miami Aftermath, Golden Nudity And Ethereum London 344

My previous longer article was about the January Miami BTC conference and the promised follow up is Al Capone style criminally overdue. The event moved at breakneck speed and had such a driven, positive vibe. Dealing with the atomic aftermath took till now to become a cohesive-ish write up. In short, the journey was a f**k yes, as I tend to vulgarly state in social occasions seemingly inappropriate for the expression. I’ll keep this punchy.

Coming To My Senses

Having scored the perfect Airbnb place 5 minutes from the conference center (actual balcony view pic below), I was pumped to get going but jet-lagged beyond available bodily resources. Getting everything ready for a two fair trip, including an overnight ‘stay awake painting’ just before the flight, took its toll. The free flow whiskey pouring by my generous hosts was a welcome edge smoother but not too many before a 48hr crypto sprint. Right? The fleeting pleasure of alcohol was replaced by a sauna, jacuzzi, and a city view pool. I realised also that I was staying with people who run a high-end print place. This trip is going to roast like a Run The Jewels track.

Being new to blockchain conferences, the hunger for the next new thing felt all around was inspiring. No joke. The integration solutions to the ‘real world’ in service prospects or made human connections were a much-needed chilli infusion for the brain. Much respect for Keynote for sponsoring the booth and helping me get physically visible in the scene.

Out of talking so much, my voice blew out halfway conference. At one point I got badly distracted from talking to a Coin Telegraph guy due to another conversation starting with a couple who represent the graffiti artist Banksy. Apologetic as I was about it to him upon this dawning on me, it was a good problem to have. It felt like being able to charge my phone from the surrounding air alone.

Your Vibe Attracts Your Tribe

The buzz around my booth gave me a sense that I’m really onto something with crypto art. It’s nothing short from being able to tell the story of a vast societal change in visual form. To uniquely communicate it to insiders and outsiders alike. One of the chance encounters was Eben Pagan popping by the space with his lovely wife Annie Lalla. It was a strange moment, as I must have spent thousands of hours with his material since 2004 and he hadn’t a clue the other way around. I rarely loose my cool but embarrassingly enough, this was one of those times. Appropriately so I think.

Far too many memories struggling with childhood trauma, depression, figuring out relationships and finding my way in life in general came flooding in talking to him. During those times, the abundance of value Eben delivered to my life through video seminars was a 100% unparalleled. There is no way my other platform Artevo, the LUX project nor my engagement would have happened without the influence his work had on me.

Some people in the crypto space, who think Lambos are the answer, could greatly benefit from his ‘ManTransformation’ program for example. There is a bunch of millionaires within the community still living their ‘Sweet 16’ at 30 and beyond – during global crisis times. Some really need to wake the hell up to smell the ‘more to life than a bit of money’ monologue. As he came to my booth space, I interrupted him eating a sandwich by asking: “Eben Pagan. What are you doing here?” He simply replied: “I’m eating”. Glad to know he is into crypto and I’ll make a better first impression next time.


Eben, Annie and their daughter in Miami.

The Emerging Collector Class

The nr.1 “T(r)opical – Gold Edition” piece, central to the booth picture, was sold to the striking model Gabriella Katia and her entrepreneur husband Matt Crown via Litecoin. By chance encounters, the three of us would all later on end up at a club for a night out. I’d spent a full month working my ass off to be ready for the trip and the official business of the conference was done. It was time to let loose before the coming AFL fair.


Matt & Gabriella

The other awesome person at the afterparty, clearly responsible for me drinking straight from the vodka bottle at the end of the night, was my new collector Michael Jonsson. After mentioning this personal responsibility disclaimer I can admit to literally waking up with my boots still on the following morning. A true flashback to some 20 years ago at a University party in Newcastle. We decided to meet up on Miami Beach for some breakfast to follow up.

His Bitcoin 1/1 piece “Unblocked” is now safely in Toronto being float framed.

A Worthy And Relevant Sidenote

The whole trip was quite an investment so could’t hodl all the benefits. Now if only Coinbase would sort out their customer service I could actually use the converted money trapped behind their non-service lines. Anyone else have this with them or just me?

Bit rude to hold someone else’s money for over a month, not reply to emails and then ask them to ‘rate their service’ – if you are really asking. The survey request was two weeks ago and I’m yet to hear back from them. Ok. Enough complaining. Still with me? Golden nudity ahead.

A 5m$ Home Full of Art Anyone?

Next up was the Tranter-Sinni Gallery organised participation with Art Fort Lauderdale. This fair was our first collaboration with the gallery. They had a few of my large Artevo pieces in their multi-million dollar homes loaded full of art, facilitated a keynote spot and a temperature rising performance at the W Hotel titled ‘Kintsukuroi’.


Watch the performance here

It was rejuvenating to be in front of people performing again so felt it best midway through to drown my suit in gold paint, with a little help from a fellow performer Dayanis Mondeja.

Much love also to the phenomenal dancers of the other performance Carlos Torres and Evelyn Robaina. They did a more classical dance performance version of the same theme. The passionate professionalism of all three performers blew me away. Thanks also for Alexis Espejo at W Fort Lauderdale for facilitating this madness. The plan is to repeat these at crypto conferences all over the world. It’s appropriate as the blockchain is helping to fix money.


Youtube here.

Mom, I’m on TV.

The below segment of the Deco Drive TV show features the Artevo works, the houses and quite prominently, the back of my head. Both Evan Snow and Andrew Martineau did an ‘all in’ job getting this whole fair organised so props to those guys for pulling it off. Bring on AFL 2019.

Watch it here

Crypto Giveth and Crypto Taketh Away

And will likely soon giveth again. Some of you might have seen the previous announcement for the crypto art tour with 4NEW as the primary sponsor. Unfortunately, the recent events in crypto forced them to focus on their live ICO for now, so the mentioned tour is now open for a new main sponsor. 

I’ll be attending the crypto investor show this coming Saturday here in London regarding this. The tour is ready to take off and everything is in place with regards to the gallery and most locations. All that is needed is a funder ready to make some international waves with guaranteed traditional and blockchain press. On April 18th at 5pm I’ll also be presenting at the Ethereum London slot of the London Blockchain conference. Big ups for Stephan Tual for giving me my first crypto keynote opportunity. More to come this year as this fresh speaker page suggests.

2018 is going to be a massive year for me personally and about as exciting as it gets for crypto. None of the people, organisations or businesses in this article have paid to be mentioned. In case you are wondering if what you just read was news, promotional, a blog or something else, all I can say is that I don’t represent legacy media.

This is  the circle of transparent good stuff.

 V E S A
Visual Artist
London / Helsinki
@artbyvesa
Art: www.artforcrypto.com
Merc: www.artforcrypto.live
Artevo: www.artevo.org

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BNB Smart Chain Losses Dropped 83% in Q2 2024: Security Report 4014

Salus, the Web3 security firm tackling the most complex security challenges through fundamental scientific research, has today released its BNB Chain 2024 Security Report. The report provides an in-depth analysis of the security events that unfolded on BNB Smart Chain (BSC) during the second quarter of 2024 and reveals a significant security milestone of an 83.3% reduction in financial losses on BSC between Q2 2024 and Q2 2023. In addition, its findings show that in Q2, 2024 BNB Chain experienced a ~19% decrease in total losses and a ~18.6% decrease in the number of security incidents compared to Q1, 2024.

Alongside the in-depth analysis of the security incidents that took place on BSC in Q2 2024, the report also delves into the types of projects targeted. It highlights common attack techniques used during this period and presents data regarding the financial losses incurred, including:

  • Significant improvement in Q2, 2024: Loss amount on BSC dropped by 19% to ~$11.7m in Q2 2024 compared to Q1, 2024 and a ~83.3% decrease in total loss amount on BSC in Q2, 2024 compared to Q2, 2023. This demonstrates the success of security measures and the continuous commitment to enhancing the security of the BNB Chain ecosystem.
  • A look at the blockchain industry: In Q2, BSC represented 5.97% of the total $95,552,224 stolen across all chains.
  • Types of attacks and threats: The most frequent attack vectors were contract vulnerabilities and exit scams. In Q2, there was a noticeable decrease in both the total amount and the number of incidents compared to Q1. The total amount in Q2 was $11,731,093, down from $14,446,914 reported in Q1. The number of incidents in Q2 was 35, down from 43 in Q1.

BNB Chain continues to be a strong industry player, demonstrating its robust performance and boasting growing daily active users and transaction count. The report highlights a quarter with a notable reduction in both the total amount lost and the number of security incidents. The total financial impact shows a clear improvement, underscoring the effectiveness of the security measures that have been put in place.

These results are a testament to the resilience and proactive efforts of the BNB Chain team and community. The landscape of blockchain security is ever-evolving, and going forward, BNB Chain’s AvengerDAO will keep improving its ability to:

  • Identify scam projects early
  • Focus on projects with large liquidity
  • Monitor malicious activities and mitigate hacks as early as possible
  • Expand its reach and actively inform users of risks

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:

  • BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
  • opBNB: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.
  • BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.

Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.

READYgg Launches RDYX Token on CoinList to Democratize Web3 Game Development 5417

Empowering players, creators and developers to drive community-driven innovation in gaming

READYgg, a leading platform in integrating Web3 technologies into gaming, has launched its utility token, RDYX, on CoinList. The token presale began on July 10, 2024, at 17:00 UTC and will conclude on July 17, 2024, at 17:00 UTC. This launch is a key component of READYgg’s comprehensive roadmap to seamlessly transition Web2 players, creators, and developers into the Web3 gaming ecosystem.

In conjunction with the RDYX token launch, READYgg has also launched the $RDYX Cup. Top-ranking players in this esports tournament will not only secure whitelisting spots for the RDYX token presale but also receive an early adoption bonus item for future gameplay within the ecosystem.

Token Sale Details:

  • Sale Period: July 10, 2024, 17:00 UTC to July 17, 2024, 17:00 UTC
  • Token Price: $0.16
  • Vesting Schedule: 20% unlocks at TGE, with a 6-month linear release thereafter
  • Minimum Purchase: $100.00
  • Maximum Purchase: $5,000.00
  • Accepted Currencies: USDC, USDT (ERC-20)

“The RDYX token is the backbone of our tech stack, simplifying game development by enabling developers to launch and mint data collections on-chain, and promoting a chain-agnostic approach. This token also empowers our community, allowing our players to actively participate and invest in our ecosystem through our delegation protocol. By offering RDYX to the public, especially retail investors, we’re inviting everyone to participate in and benefit from the community-driven growth of Web3 gaming. This is part of our commitment to democratize access to blockchain technology and foster a more inclusive ecosystem for all stakeholders.” – Christina Macedo, CEO & Co-Founder, READYgg, on her vision for the RDYX token and its integral role in the ecosystem.

READYgg’s all-in-one Web3 game development Layer 3 currently supports over 300 million monthly active players across 40+ studios, tapping into more than 2,000 games integrating the READYgg tech stack. Featuring a compliant token economy with the RDYX, a secure wallet, and cross-game NFT assets, READYgg ensures security, transparency, and traceability, enabling developers and creators to mint and build on any blockchain. Simplified by user-friendly Software Development Kits (SDKs) such as Unity, Unreal Engine, and Godot, these tools, along with dashboards and effective marketing strategies, are designed to maximize game visibility and community engagement.

Key highlights of the READYgg platform include:

  • GuestWallet: Allows users to interact with blockchain assets without the need to manage private keys, providing security and ease of use.
  • BridgeID: Facilitates seamless transactions and asset transfers between multiple blockchains, enhancing interoperability and user experience.
  • GameSync: Allows NFTs to be seamlessly integrated into games, enabling unique gameplay experiences and new revenue streams for developers.

CoinList, known for its stringent adherence to regulatory standards, will facilitate the RDYX token presale. Due to regulatory restrictions, residents from the U.S., Canada, China, and other specific jurisdictions are excluded from participation.

About READYgg

READYgg is at the forefront of integrating Web3 technologies into gaming, aiming to make Web3 games universally accessible. The platform supports creators and developers at all levels, enabling games on every platform for every player, powered by the innovative $RDYX token. Committed to fostering an inclusive, creative, and economically vibrant gaming community, READYgg leverages blockchain to enhance gameplay and player engagement through “ownership gaming.”

Chainlink Data Feeds Are Now Live on Starknet, Accelerating DeFi Development and Ecosystem Adoption Through the Chainlink SCALE program 5626

Chainlink, the industry-standard decentralized computing platform, and Starknet, the secure scaling technology bringing Ethereum’s benefits to the world, announced today that Chainlink Data Feeds, the industry-leading data solution for DeFi, are now live on Starknet mainnet.

Starknet is an ecosystem that helps developers to overcome Ethereum’s scalability limitations while ensuring computational integrity. The addition of Data Feeds offers support for developers who are building highly scalable and secure DeFi applications on Starknet. The integration will help accelerate the growth of the Starknet ecosystem and scale DeFi on Ethereum—without compromising composability or security.

“We’re pleased to support the Starknet ecosystem with the native integration of Chainlink Data Feeds, enabling developers to build highly secure and scalable DeFi applications,” said Johann Eid, Chief Business Officer at Chainlink Labs. “With hyper-reliable, accurate, and decentralized market data natively accessible onchain, developers can create next-gen applications on Starknet.”

Starknet previously joined Chainlink SCALE to gain enhanced access to Chainlink services and accelerate ecosystem growth and app development on its ecosystem. As part of the Chainlink SCALE program, the Starknet Foundation covers certain operating costs for Chainlink oracle nodes, equipping Starknet developers with access to low-cost Chainlink Data Feeds. This strategic partnership established an attractive landscape for Starknet developers by providing a data-rich, low-cost environment to build highly performant, increasingly complex, and secure smart contract applications.

Starknet is a permissionless Validity-Rollup on Ethereum that enables dApps to securely achieve massive computation scale. However, as is the case for all blockchain environments, smart contracts cannot natively access external data. Chainlink solves this problem by bringing highly accurate market data onchain in a highly secure manner.

“We’re excited to integrate the industry standard Chainlink Data Feeds on Starknet,” Diego Oliva, CEO at the Starknet Foundation. “Providing Starknet developers with highly secure, reliable, and accurate data will unlock a host of advanced DeFi use cases and drive the adoption of the Starknet ecosystem.”

As the most widely adopted price data standard in Web3, Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans. Chainlink Data Feeds have enabled over $12 trillion in transaction value since the beginning of 2022 and have delivered over 12 billion data points securely onchain. The combined benefits of Starknet and Chainlink enable hyper-scalable, highly secure, and reliable DeFi applications that will help realize mass DeFi adoption and scale Ethereum.

About Starknet Foundation

The Starknet Foundation is a non-profit that is the steward of the Starknet Ecosystem, a fast and scalable L2 based on secure, future-proof ZK-STARK technology. Driven by the mission of creating a digital world built with integrity, trust and transparency at its core, The Foundation oversees the ongoing development, growth, and adoption of the ecosystem through a broad range of programs and partnerships aimed at creating a highly engaged community of developers, founders, and users. To find out more visit starknet.io

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $12 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

Usual Labs Announces Public Pre-Launch Phase After Securing $75M in TVL for USD0 During Private Phase 5938

The pioneering company behind Usual, Usual Labs, an innovative protocol bridging traditional and decentralized finance (DeFi) through its first USD0 stablecoin, is thrilled to announce the commencement of its public pre-launch phase. This milestone follows a fruitful private launch, during which Usual Labs secured an impressive $75 million in Total Value Locked (TVL) commitments from over 180 prominent DeFi leaders and investors within a month.

USUAL stands as a secure, transparent, and decentralized Tether, redistributing ownership and value through the USUAL token. As a Real World Assets (RWA) infrastructure, it aggregates RWA and bridges it with DeFi liquidity, ensuring RWA composability and integration within DeFi. USUAL’s design guarantees safety, transparency, and verifiability, offering infinite scalability. Serving as an alternative to fiat-backed systems, USUAL redistributes value and ownership to the community, which owns the infrastructure, including Tether/Circle.

The USD0 stablecoin is set to challenge industry giants and establish itself as the leading DeFi-native stablecoin, offering users a secure, community-owned alternative to traditional financial systems.

The successful private launch and the substantial TVL commitments from leaders in the web3 space, including Sam Kazemanian from Frax Finance, James Ross from Mode, Michael Egorov from Curve, and many others, demonstrate the industry’s growing confidence in Usual’s potential to revolutionize the financial landscape and challenge its key pain points. This phase was crucial in validating Usual’s vision and establishing its position as a leader in the next generation of financial solutions.

Usual Labs is thrilled to advance towards its public launch in Q4 2024, inviting the broader community to join and participate in reshaping the future of finance.

This public pre-launch phase will last for four months, giving participants the opportunity to be part of the airdrop scheduled for Q4 2024.

Pierre Person, CEO and Co-Founder of Usual Labs expressed his enthusiasm, stating, “The surge in Real World Assets (RWA), particularly on-chain US Treasuries, has revealed the market’s appetite. Usual provides an infrastructure that aggregates RWA liquidity while enhancing its integration with DeFi. Our vision is to completely rebuild Tether on-chain. We are driven by a commitment to decentralization and aim to redistribute the generated value to the end user, ensuring fiat-backed stablecoins are truly crypto-minded. We are grateful for the overwhelming support from our investors and early adopters during the private launch, and we look forward to welcoming more users to experience the benefits of our protocol firsthand.”

As Usual Labs moves forward with its public pre-launch, the company remains focused on fostering a transparent dialogue with its community and empowering users to actively shape the future of finance. The team is committed to continuously refining the protocol based on user feedback and ensuring a seamless experience for all participants.

Adli Takkal Bataille, Design Executive Officer and Co-Founder added, “We are excited to open our doors to the public and witness the transformative power of the Usual protocol. Our goal is to create a more equitable, transparent, and community-driven financial ecosystem, and this stage brings us one step closer to achieving that vision. Users that begin utilizing the Usual protocol now will get rewarded in various ways during the pre-launch phase, so keep an eye out for updates from official communication channels.”

For more information about Usual Labs and to participate in the USD0 public pre-launch, users can visit https://usual.money/discover

About Usual Labs

Usual Labs is the company behind Usual, an innovative protocol that bridges the gap between traditional and decentralized finance through the USD0 stablecoin. Founded in 2022 by Pierre Person, Adli Takkal Bataille, and Hugo Sallé de Chou, Usual Labs is committed to creating a more equitable, transparent, and community-driven financial ecosystem. With strong backing from industry leaders and a significant TVL, Usual is poised to revolutionize the world of stablecoins.

Dora Announces Close of $5.5M Early Stage Funding Round co-led by Dragonfly and Lemniscap 6127

Dora, the unified search and action engine for the multichain world, is excited to announce the successful close of a $5.5 million early stage funding round. The round was co-led by Dragonfly Capital and Lemniscap, with participation from Robot Ventures, Ethereal Ventures, Maven11, and Arche Capital, alongside notable angel investors such as Co-Founder of Movement Labs Rushi Manche, and Co-Founder of Fluent, Dino Savonin. The funds will be utilized to enhance Dora’s innovative search, unified crosschain transaction capabilities, and expand their collaborations with blockchain networks across all virtual machines.

Dora is the only multichain search engine that allows for search capabilities and crosschain transactions in a unified interface. As applications increasingly leverage both online and onchain infrastructure, unlocking search capabilities is crucial for understandability and accessibility. Dora’s comprehensive block explorer and search solutions empower users and developers by providing easy access to onchain data, thereby driving the broader adoption of blockchain technology.

Dora currently supports over 20 chains including Ethereum, Arbitrum, Base, Celo, Scroll, Rari, Palm, and Xai.

The Dora platform provides a multichain Block Explorer to search blockchain data for EVM chains, APIs for accessing enriched token and NFT information, efficiently organized data structures for easy data retrieval powered by Goldsky and Simplehash, transaction functionalities such as swaps and mints, and embedded wallet. These offerings serve as a comprehensive solution for chains looking to encourage developer adoption and catalyze usage of their ecosystem.

The funding follows support for Dora by key industry partners including the largest ever Arbitrum subDAO grant, as well as grants from Gnosis, Scroll, and the Ocelot treasury for Celo.

“The golden age of web2 came hand in hand with that of its search engines. To spark the widespread adoption of onchain goods and services, we need a crypto search engine,” said Bunny, CEO and Co-Founder of Dora. “This funding round demonstrates our investors’ strong confidence in our vision: an unfragmented and unified multichain experience. By integrating interactivity at the Discoverability Layer, we aim to drive mass adoption of blockchain technology and facilitate the evolution towards a multichain, and soon multiVM world.”

Tom Schmidt, Partner at Dragonfly said: “Dora’s mission to make on-chain data accessible and interactive aligns perfectly with our vision for the future of blockchain technology. By providing comprehensive search and explorer tools, Dora is unlocking new potentials in the blockchain space. We are confident that their innovative approach will significantly contribute to the mass adoption of decentralized technologies.”

Tarun Chitra, Partner at Robot Ventures, said: “Dora is at the forefront of making blockchain data comprehensible and accessible to a wider audience. Their approach to integrating multiple chains into a seamless search experience is revolutionary. We believe their technology will play a pivotal role in the broader adoption of blockchain and decentralized applications. In a future where there are as many blockchains as there are GPUs, Dora will be the key to managing complexity for end users.”

Roderik van der Graaf, Founder of Lemniscap, said: “We’re delighted to co-lead this investment round for Dora, as part of our ongoing commitment to fostering groundbreaking technologies in the blockchain ecosystem. Dora’s unique approach to search and interactivity within the multichain world positions them as a key player in driving mass adoption, and we’re very excited to be part of their journey.”

About Dora

Dora is the Unified Search Engine for the Multichain World. We collaborate with a multitude of blockchain networks and rollup teams to provide comprehensive block explorer and search solutions. Our mission is to enhance the accessibility of onchain data through innovative search capabilities, driving understandability and mass adoption of blockchain technology.

About Lemniscap

Lemniscap is an investment firm specializing in investments in emerging crypto assets and blockchain startups. Since its founding in 2017, Lemniscap has funded multiple investments in the crypto blockchain space, on the core belief that blockchain technology will upend traditional business models, resulting in profound changes in the world economy. The Lemniscap team consists of talented people with backgrounds in financial markets, PE/VC, technology and entrepreneurship. For more information, visit https://lemniscap.com/.

For more information, please visit about.ondora.xyz

Rootstock Sees Unprecedented Growth in Recent Quarter 6303

Rootstock, the first and longest-lasting Bitcoin sidechain, established itself as a leading blockchain these three months, with record-breaking transactions and the integration of several new dApps, bridges, and wallets. This momentum has propelled Rootstock into the next step of its growth journey and the team is working toward further growth and improvements over the next 12 months.

According to block explorer data, there have been over 13 million transactions, to date, on the Rootstock network. This is the result of record-breaking 45k transactions a month for the sidechain. The data can provide insight on why Rootstock can be an excellent place to start building on Bitcoin with over 60% of Bitcoin’s hash rate securing the network, and an uptime of 100% since its launch in January 2018.

On the integration front, just over the last three months alone, over 25 dApps and protocols have been integrated into the Rootstock ecosystem providing users with new ways to access, build, and grow on Rootstock. The complete list includes the following:

Artoshi; Bitget; Chainport; Dega; Etherspot; Galxe; Gelato; iZUMi; Kickspad; L bank Exchange; LiFi; Merkl; oooo; OpenOcean; Rubic; Sailing; Satoshi; SimpleFi; Steer; SuperLauncher; SushiSwap; Umbrella; UniFi; Uniswap

Looking forward, Rootstock core contributors and community members have proposed a 12-month roadmap for Rootstock, with improvements and new features contributed by developers across the entire Rootstock ecosystem, which will allow ecosystems built on top of it, such as the RIF ecosystem, to keep on developing new tools and protocols useful for Rootstock developers. This roadmap includes a range of Rootstock Improvement Proposals (RSKIPs) focused on increasing transaction speed, improving usability, and further decentralizing the network. Highlights include:

  • Reducing transaction confirmation times from 30 to just 5 seconds – significantly speeding up the network
  • Enabling non-custodial swaps between Lightning Network (LN-BTC) and Rootstock (RBTC) via Boltz
  • Evolving PowPeg into a SegWit-compatible 2-Way Peg, increasing the number of entities overseeing Bitcoin transaction signing to over 60 and reducing peg-out fees
  • A Bitcoin native assets bridge that allows Runes tokens to freely flow between the Bitcoin mainchain and Rootstock
  • Preparing the development of a truly trust-minimized Bitcoin/Rootstock bridge that will harness BitVMX and will not require changes to the Bitcoin consensus protocol

When looking back on the last three months of momentum, Henrik Jondell, Chief Technology Officer at RootstockLabs, a key contributor to the Rootstock blockchain, commented “The last three months have been an important time for the successful growth of Rootstock and we are thrilled to see how the next twelve months will pan out. Rootstock has become one of the most used Bitcoin layer 2 for crypto and the increase in features and accessibility over this quarter has only helped expand its reach.”

About Rootstock

Rootstock is the world’s most secure smart contract platform that is cryptographically connected to the Bitcoin blockchain. Known as a Bitcoin sidechain, Rootstock uses a censorship-resistant two-way peg to allow users to send Bitcoin directly to the Rootstock chain which is then converted into smart Bitcoins (RBTC) on the Rootstock blockchain. These RBTC can be used to deploy or to interact with smart contracts and dApps on the Rootstock blockchain. BTC can be easily moved back to the Bitcoin mainchain at any point using the trustless bridge or through a variety of protocols such as Sovryn FastBTC.